SMM Zinc Market Morning Review (2015-9-28)-Shanghai Metals Market

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SMM Zinc Market Morning Review (2015-9-28)

Price Review & Forecast 11:14:13AM Sep 28, 2015 Source:SMM

SHANGHAI, Sept. 28 (SMM) – LME zinc prices opened at USD 1,677.5/mt last Friday, then dropped all the way and closed at USD 1,631.5/mt, down USD 46.5/mt or 2.77%. Trading volumes were down 1,381 to 11,174 lots, and total positions decreased 2,056 to 286,000.

LME zinc prices are expected to move between USD 1,630-1,660/mt today. SHFE 1512 zinc contract prices will hover between RMB 13,450-13,600/mt, with spot prices RMB 150-300/mt above SHFE 1511 zinc contract prices. 


Key Words:  LME zinc prices 

Price

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SMM #1 Nickel
Nov.20
122450.0
-1500.0
(-1.21%)
#1 JinChuan Nickel
Nov.20
125400.0
-700.0
(-0.56%)
#1 Import Nickel
Nov.20
119450.0
-2350.0
(-1.93%)
JinChuan B&C
Nov.20
11600.0
-250.0
(-2.11%)
Russian Nickel Premium
Nov.20
5650.0
-1900.0
(-25.17%)

SMM Zinc Market Morning Review (2015-9-28)

Price Review & Forecast 11:14:13AM Sep 28, 2015 Source:SMM

SHANGHAI, Sept. 28 (SMM) – LME zinc prices opened at USD 1,677.5/mt last Friday, then dropped all the way and closed at USD 1,631.5/mt, down USD 46.5/mt or 2.77%. Trading volumes were down 1,381 to 11,174 lots, and total positions decreased 2,056 to 286,000.

LME zinc prices are expected to move between USD 1,630-1,660/mt today. SHFE 1512 zinc contract prices will hover between RMB 13,450-13,600/mt, with spot prices RMB 150-300/mt above SHFE 1511 zinc contract prices. 


Key Words:  LME zinc prices